Reported 8 months ago
Hego Xuanrong, the representative of the Coinsafe Asia Pacific Regional Team, emphasized the importance of close communication among various sectors to ensure that regulations keep up with blockchain technology advancements and encourage innovation in the development of virtual assets. With the new government in Taiwan, the Financial Supervisory Commission (FSC) has shown willingness to open up opportunities for professional firms to invest in Bitcoin ETFs, marking a significant milestone for the virtual asset industry in Taiwan. The FSC aims to balance 'security' and 'development' in creating a new financial market landscape and enhancing financial innovation by establishing specialized units and promoting regular reviews of financial regulations. The article stresses the need for collaboration among stakeholders, including blockchain and fintech companies, government agencies, and financial institutions, to foster innovation and ensure market regulation keeps pace with industry advancements.
Source: YAHOO